The Sherwin-Williams Company $SHW Shares Sold by Condor Capital Management

Condor Capital Management decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 37.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,319 shares of the specialty chemicals company’s stock after selling 4,341 shares during the quarter. Condor Capital Management’s holdings in Sherwin-Williams were worth $2,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. MTM Investment Management LLC acquired a new stake in Sherwin-Williams during the 2nd quarter worth about $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the second quarter worth about $36,000. True Wealth Design LLC lifted its holdings in shares of Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Sherwin-Williams in the third quarter valued at approximately $42,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 30th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $387.67.

Sherwin-Williams Trading Down 0.4%

Shares of Sherwin-Williams stock opened at $367.55 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The firm’s 50-day moving average price is $344.75 and its 200 day moving average price is $346.07. The firm has a market capitalization of $91.11 billion, a PE ratio of 35.79, a P/E/G ratio of 3.19 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the firm posted $2.09 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.